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Non-Accelerating-Inflation Rate of Unemployment (NAIRU): This theory is a variant of neoclassical natural rate of unemployment. As in original natural rate theory, NAIRU advocates believe that unemployment can't be reduced below a certain level without sparking a continuous acceleration in inflation. Contrasting the original natural rate theory, though, NAIRU doctrine doesn't strictly define this position as "full employment." Policy prescriptions of the natural rate and NAIRU theories are practically identical (namely, don't try to reduce unemployment through demand-side measures, however as an alternative attack unions and minimum wages to allow labour markets to function more ‘efficiently').
what is the theory of second best ? prove the theorem with the help of a diagram ?
What is endothermic reaction? 3. Draw a generalised energy graph for an endothermic reaction.
Axioms: Revealed preference theory is based on the axioms listed below. • Consumer will spend all her income on goods. The consumer equilibrium always remains on the budg
analyse the method by which a firm can allocate the given advertising budget between different media advertisement?
How is microeconomics differed from macroeconomics? Microeconomics focuses onto how decisions are made through individuals and firms and the effects of those decisions. For exa
What is What is Critical Temperature? Why Critical Temperature is Specified in Equation? Describe critical temperature specification...
Differentiate between firm and industry. A firm is a business unit produced for the purpose of carrying out some kind of trading activity. The term "firm" is used in many ways
Identify the four essential economic activities. The four main economic activities are: a) resource maintenance, b) production, c) distribution, and d) consumpti
International Monetary Fund: The International Monetary Fund (IMF), the World Bank and the International Trade Organisation were conceived at the Brettonwoods Conference in Ju
what is cob duglus production function?
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